Exempt supply

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354 Points Joined June 2017
Can we claim ITC on exempt goods or service?
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On 11 August 2020 at 20:07 Report
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Tax and Business Consultant
11616 Points Joined July 2015
Person can not claim ITC against exempt Goods and services.
If you are supplying both Exempt as well as taxable Goods/services, than Proposnate ITC to be reversed as calculated as per rule.
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On 11 August 2020 at 20:56
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Finance/Compliance Consultant
59890 Points Joined June 2010
You even can not claim ITC on free sample given, Goods lost, Goods used for personal use etc
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On 11 August 2020 at 21:17


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